Answered step by step
Verified Expert Solution
Question
1 Approved Answer
**Just need to calculate the Variable Overhead Per Unit & Fixed Overhead Per Unit above Trio Company reports the following information for the current year,
**Just need to calculate the Variable Overhead Per Unit & Fixed Overhead Per Unit above
Trio Company reports the following information for the current year, which is its first year of operations Direct materials Direct labor Overhead costs for the year 12 per unit 16 per unit S 67,500 per year $135,000 per year 22,500 units 16,500 units 6,000 units Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units Compute the cost per unit using absorption costing Cost per unit of finished goods using Absorption costing 12.00 irect materials per unit irect labor per unit 16.00 iable overhead per unit ixed overhead per unit 28.00 Cost per unit of finished goods Determine the cost of ending finished goods inventory using absorption costin Cost per unit of finished goods using: Absorption costing Number of units in finished goods Total cost of finished goods inventory Determine the cost of goods sold using absorption costing Cost per unit of goods sold using Number of units in sold goods Total cost of sold goods 6,000 168,000 Absorption costing 16,500 462,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started